
HSBC Not Required to Monitor Bounce Back Loan Spending, Ombudsman Dismisses Complaint

A director who exaggerated turnover to secure a £37,500 Bounce Back Loan—when entitled to just £8,800—faces a 9-year ban after using most of it for personal benefit. Discover how HSBC is recovering the funds. […]
Complaints against HSBC, Barclays, TSB, NatWest, and Lloyds for Bounce Back Loan issues were dismissed by the Ombudsman, upholding the banks’ actions. […]
Barclays closed an account and demanded full BBL repayment, and the Ombudsman backed their terms. We explore this final ruling. […]
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